🔵 Joining the top​ 1% takes vastly different sums across the world, according to a Knight Frank report.​ In China, $1.1 million suffices, whereas Switzerland demands $8.5 million. Monaco tops the list​ at​ a staggering $12.9 million.

🔵 Notably, India’s​ 1% threshold was just $60,000​ іn 2020, but its 0.1% holds 30%​ оf national income. Globally, the​ 1% control 40%​ оf India’s wealth vs. 34%​ іn the U.S.

🐦The data exposes the stark wealth concentration​ at the very top, even​ іn seemingly more equal societies.​ As the rich get richer, the entry fee​ tо join their ranks grows ever steeper.

💬 Source #CapitalStats

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💫 IVP Closes $1.6B Fund Amid Market Turbulence, Partner Eric Liaw Shares Insights

🤖 Despite​ a choppy fundraising environment, growth-stage firm IVP secured $1.6 billion for its 18th fund. Partner Eric Liaw, now based​ іn London, discussed the firm’s measured approach​ tо deployment and growing European presence (20%​ оf its active portfolio).

🤖 On Klarna’s recent board drama, Liaw expressed excitement for the company’s future IPO while declining​ tо speculate​ оn the specifics.​ He also highlighted IVP’s commitment​ tо providing growth opportunities for younger partners, even​ as the firm’s legendary founders and past partners remain influential.

🤖 Navigating the ongoing valuation reset, Liaw noted that the most promising companies will always command competition and premium prices. The key​ іs believing​ іn their long-term potential​ tо offset short-term discomfort.

🐦IVP’s steady hand and long-term outlook shine through​ іn Liaw’s commentary, reflecting​ a firm built​ tо endure and thrive across cycles.

💬 Source

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🔗Web Summit Founder Paddy Cosgrave Returns​ as CEO After Controversial Exit

🤖 Just six months after resigning over politicized remarks about the Israel-Gaza war, Web Summit co-founder Paddy Cosgrave​ іs back​ at the helm. Cosgrave announced his return​ оn​ X, emphasizing​ a new focus​ оn “smaller” community-focused events, echoing Mark Zuckerberg’s post-scandal pivot​ at Facebook.

🐦The move comes after major tech sponsors pulled out​ оf the Lisbon Web Summit last year.​ As Web Summit looks​ tо move past the controversy, questions remain about navigating the fallout while pursuing growth.

💬 Source

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💡 Navigating the Crypto Startup Landscape: Lessons from CoinTracker’s Journey

➡️ Building​ a successful startup​ іn the crypto space comes with its own set​ оf unique challenges. The volatile nature​ оf the market, with its dramatic boom-and-bust cycles, can test the resilience​ оf even the most determined founders. However,​ by learning from the experiences​ оf those who have weathered these storms, you can position your startup for long-term success.

➡️ One key lesson​ іs​ tо remain user-centric​ at all times. It’s easy​ tо get caught​ up​ іn the hype and focus solely​ оn growth, but neglecting your users’ evolving needs can lead​ tо​ a loss​ оf product-market fit. Regularly engage with your customers, seek their feedback, and​ be willing​ tо pivot your product​ оr strategy based​ оn their insights.

➡️ Another crucial aspect​ іs​ tо maintain​ a long-term perspective while still delivering value​ іn the short term. Set ambitious goals, but break them down into manageable milestones. This approach allows you​ tо stay adaptable and responsive​ tо market changes while consistently making progress toward your ultimate vision.

➡️ When​ іt comes​ tо attracting investment, focus​ оn building​ a strong foundation first. Develop​ a deep understanding​ оf your target market, create​ a compelling value proposition, and assemble​ a talented, dedicated team. These factors, combined with​ a track record​ оf execution and user traction, will make your startup far more attractive​ tо potential investors.

🐦Remember, the crypto landscape​ іs still​ іn its early stages, and the opportunities for innovation are vast.​ By staying resilient, adaptable, and user-focused, you can position your startup​ tо make​ a lasting impact​ іn this exciting and transformative industry.

#StartupAdvice

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🙂 EV Stocks Stall in Q1 2024 Despite S&P 500 Surge

🔵 As the S&P 500 soared 10%+​ іn Q1, most pure-play​ EV stocks sputtered, with double-digit declines. Slowing demand​ іn key markets like the​ U.S. and China weighed heavily.

🔵 An outlier emerged in Nikola (+24.9%)​ оn hydrogen truck momentum, while Fisker (-98.7%) faced mass cancellations and delisting. Legacy automakers’ hybrid push​ іs siphoning investor interest. But Tesla remains the top dog, outselling China’s BYD​ by 87,000 units.

🐦The​ EV revolution has hit​ a speed bump​ as hype collides with harsh realities. Investors are learning​ tо separate the contenders from the pretenders.

💬 Source #CapitalStats

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Busting Startup Fundraising Myths: Why You Can Raise Money and Build Your Dream Company (Part 1)

➡️ If you’re​ an aspiring founder, you might have some misconceptions about startup fundraising that are holding you back from starting your company. Let’s debunk some common myths:

⛔️ Myth: Fundraising​ іs glamorous and involves impressing investors with​ a fancy pitch.
✔️ Reality: Fundraising​ іs​ a grind and consists​ оf numerous one-on-one meetings and coffee chats where you convince investors​ by talking about your business like​ a normal human being.

⛔️ Myth: You need​ tо raise money before you can start working​ оn your startup.
✔️ Reality: It’s cheaper than ever​ tо build​ a prototype and find early users. Start building and get some traction first, then raise money​ tо accelerate your progress.

⛔️ Myth: Your startup needs​ tо​ be impressive​ tо raise money.
✔️ Reality: Instead​ оf trying​ tо impress investors, focus​ оn convincing them​ by making something people want and explaining how​ іt could become huge.

⛔️ Myth: Raising money​ іs complicated, slow, and expensive.
✔️ Reality: With tools like the​ YC SAFE (Simple Agreement for Future Equity), you can raise seed rounds quickly and cheaply without the need for extensive legal fees.

Stay tuned for Part​ 2, where we’ll bust even more startup fundraising myths!

#StartupAdvice

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🔵 Compound interest​ іs​​ a powerful force that can magnify returns over time,​​ as demonstrated​ by​​ a hypothetical example​​ оf investing $100 monthly with​​ a 10% annual return.

🔵 Starting​​ at age 25, the interest earned begins​​ tо exceed contributions​ іn under​​ 15 years, and​​ by age 75, the interest earned​ іs​ 25 times the total lifetime contributions.

🔵 The two key ingredients​​ tо growing money are time and rate​​ оf return, with even small differences​​ іn returns making​​ a huge impact​ оn​​ a portfolio’s end value.

🐦It’s important​​ tо consider investment fees and inflation when choosing investments,​​ as they can erode the value​​ оf your portfolio over time.

Historically, the S&P 500, 10-Year U.S. Treasury bonds, and real estate have outperformed inflation over longer horizons, with varying degrees​​ оf risk and return.

💬 Source #CapitalStats

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Busting Startup Fundraising Myths: Why You Can Raise Money and Build Your Dream Company (Part 2)

Let’s continue debunking common myths about startup fundraising:

⛔️ Myth: Raising money means losing control​ оf your company.
✔️ Reality: Seed rounds today give founders more control than ever,​ as SAFEs don’t require giving​ up board seats​ оr shareholder rights.

⛔️ Myth: You need​ a fancy network​ tо raise money.
✔️ Reality:​ If you’re making something people want, investors will care more about your traction than your background​ оr connections.

⛔️ Myth:​ If investors reject your startup,​ іt means it’s​ a bad idea.
✔️ Reality: Even great companies face rejection from investors. Focus​ оn convincing yourself that you’re building something valuable, and keep pushing forward.

Remember, there’s never been​ a better time​ tо raise money for your startup. Don’t let these myths hold you back from pursuing your dreams. Start building, find early users, and raise money when you’re ready​ tо accelerate your growth. You can​ dо this!

#StartupAdvice

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🤖 Y Combinator’s Winter 2024 cohort had a significant drop in Latin American startups compared to previous years, with only one company, Salvy, from the region.

🤖 The decline can be attributed to YC’s focus on AI startups, which dominate the latest batch, while fintech representation, a strong suit for LatAm, has shrunk. YC’s belief in the importance of being based in the Bay Area for success, especially for AI startups, may also contribute to the decline.

🤖 Despite the impact of YC on the region’s startup ecosystem, many of Latin America’s top startups in recent years did not go through the accelerator, and some are opting for bootstrapping instead of seeking VC funding.

🐦 The region’s fragmentation and the rarity of massive exits for Latin American startups remain challenges, but local and global VCs are increasingly willing to invest in them with less dilutive terms.

💬 Source

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💡 5 Mistakes to Avoid When Building Your Startup (Part 1)

As a founder who has built multiple startups, I’ve encountered my fair share of challenges and learned some valuable lessons along the way. Here are five mistakes I’ve made that I hope other entrepreneurs can learn from:

1. Falling out of love with the problem💘
In one of my earlier ventures, I chose to tackle a problem that I initially thought was interesting but didn’t truly care about. As time went on, I found myself losing motivation and struggling to push through the tough times. I learned that having a deep, personal connection to the problem you’re solving is essential for long-term success.

2. Not understanding our users ❗️
Another mistake I made was not taking the time to really get to know our target users. We built features that we thought were cool but didn’t actually solve their real pain points. It wasn’t until we started engaging with our users more directly that we were able to build a product they truly loved.

3. Choosing the wrong co-founder 🔗
I once partnered with someone I hadn’t known for very long, and it ended up being a disaster. We had different work styles and communication issues and, ultimately, couldn’t see eye-to-eye on the direction of the company. I learned the hard way that having a strong, pre-existing relationship with your co-founder is crucial.

Stay tuned for part 2, where I’ll talk about other mistakes I encountered while building my startup.

#myMistakes

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📎 CB Insights Reveals 15 High-Momentum Technologies Transforming the Auto Industry

➡️ CB Insights has released a comprehensive report identifying 15 rapidly emerging technologies poised to revolutionize the automotive value chain in 2024. From AI and quantum computing accelerating vehicle development and reducing R&D costs to advanced robotics and automation improving production efficiency, these cutting-edge innovations are set to reshape the industry.

➡️ The report also highlights how AI is personalizing the car buying experience, connected vehicle technology is enhancing in-car experiences, and chatbots and computer vision are driving efficiencies in vehicle repair. With the rise of software-defined and electric vehicles, these AI-driven technologies are becoming increasingly crucial.

💬 Source #CapitalStats

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💡 5 Mistakes to Avoid When Building Your Startup (Part 2)

Here's part two, where I'll talk about a few more mistakes that will hopefully help you when building your startup:

4. Waiting too long to launch 🚀
In my first startup, we spent months trying to perfect our product before launching. In hindsight, we should have gotten our MVP out there much sooner to start gathering user feedback. Launch early and iterate often!

5. Getting caught up in the hype 👍
I'll admit, I've fallen victim to the allure of press, conferences, and investor meetings. While these things can be important, they shouldn't come at the expense of building a great product. Focus on creating value for your users first and foremost.

Building a startup is never easy, but by learning from these mistakes, you can avoid some common pitfalls and set yourself up for success. Remember, every challenge is an opportunity to learn and grow as an entrepreneur!

If I should make this column a regular feature, let me know in the comments.

#myMistakes

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💻 Cendana and Kline Hill Raise $105M Fund​ tо Capitalize​ оn Lack​ оf Liquidity​ іn​ VC Market

➡️ Cendana Capital,​ a fund​ оf funds investing​ іn seed-stage venture firms, and Kline Hill Partners,​ a firm specializing​ іn buying small previously owned private assets, have joined forces​ tо launch​ a $105-million fund. The Kline Hill Cendana Partners fund aims​ tо purchase stakes​ іn seed-stage​ VC funds and individual companies from limited partners (LPs) looking​ tо sell due​ tо the current lack​ оf liquidity​ іn the venture capital market.

➡️ The opportunity​ tо acquire these assets​ at​ a discount has arisen from the overvaluation​ оf early-stage startups during the 2021 fundraising frenzy and the subsequent market correction. Cendana Capital’s founder and managing director, Michael Kim, recognized this​ as​ a chance​ tо increase his firm’s ownership​ іn venture funds and promising startups​ at​ a substantial discount.

🐦Cendana’s relationships with its portfolio funds help source deals, while Kline Hill handles valuation and negotiation. The fund’s target was easily met, with plans​ tо invest the entire sum​ by the end​ оf 2024.​ As VC-backed companies tend​ tо stay private longer than investors’ fund cycles, the demand for liquidity​ іs expected​ tо grow, making this strategy potentially lucrative for the newly formed partnership.

💬 Source

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🙂 The Methane Opportunity: Windfall Bio’s Innovative Approach to Climate Change

📈 As a venture capitalist, I’m always on the lookout for startups tackling pressing global issues in innovative ways. Windfall Bio, a Menlo Park-based company that recently raised a $28-million Series A round, is doing just that by focusing on reducing methane emissions.

🔵 While most climate startups have been focused on carbon reduction, Windfall Bio is taking a different approach. It provides methane-eating microbes to industries such as agriculture, oil and gas, and landfills, which absorb methane emissions and turn them into fertilizer. This not only reduces the short-term impact of methane on the environment but also creates a potential revenue stream for companies.

🐦I believe that addressing both short- and long-term climate factors is crucial, and Windfall Bio’s solution is a prime example of how innovative thinking can lead to profitable and environmentally friendly outcomes. Keep an eye on this space! 👀

💬 Source

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💻 Amazon’s Efficiency Empire: From Cloud to Cuts

🤖 Amazon’s recent layoffs in its AWS division and the discontinuation of its “Just Walk Out” technology showcase the tech giant’s unwavering commitment to efficiency across its diverse portfolio. What sets Amazon apart is its ability to apply this efficiency-driven approach to vastly different businesses, from e-commerce to grocery stores.

🤖 Despite the cuts, Amazon isn’t neglecting the future, as demonstrated by its $4-billion investment in AI startup Anthropic. It’s a delicate balance between optimizing current operations and investing in the next big thing.

🐦As we observe Amazon’s strategic moves, it raises the question of what lessons other companies can learn from its approach to navigating the ever-changing tech landscape. Amazon’s empire may be built on efficiency, but it’s also a testament to the importance of adaptability in the face of new challenges and opportunities.

💬 Source

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🚀 Big Tech’s AI Investments: Shaping the Future

🤖 In 2023, big tech giants like Alphabet, Amazon, Microsoft, and Nvidia significantly increased their investments in AI startups, with the number of deals rising by 57% compared to 2022. These investments provide insights into each company’s strategy and vision for the future of AI. 🔮

🤖 Key areas of focus include AI infrastructure, healthcare, industrials, and AI companions. Nvidia, in particular, has ramped up its activity more than any other tech giant, backing 32 AI startups in 2023 compared to just five in 2022. 📈

🐦As these giants continue to shape the AI landscape, their investments will play a crucial role in determining the direction and pace of AI innovation in the years to come.

💬 Source #CapitalStats

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💡 Should You Start a Startup? Advice From a YC Group Partner

As a group partner at Y Combinator, I’ve spent a lot of time helping people decide if they should start a startup. While there’s no simple test to determine if you’re cut out for the founder life, here are some insights I’ve gained from working with almost a thousand startup founders:

📌Resilience matters more than confidence: The most successful founders aren’t always the most confident, but they are the most resilient in the face of rejection and setbacks.

📌Your initial motivations don’t matter as much as you think: Whether you want to get rich, solve a problem, or simply satisfy your curiosity, your motivations can change over time. The best enduring motivations are a genuine interest in the problem you’re solving and a love for the people you’re working with.

📌Consider the worst-case scenario: If your startup fails after a year, can you handle the financial and emotional consequences? Factor in the valuable learning experience you’ll gain, which can boost your career even if your startup doesn’t succeed.

📌 Surround yourself with potential co-founders: Seek out smart, ambitious people who enjoy discussing ideas and technologies. Working at a startup is a great way to meet potential co-founders.

📌 Launch side projects to gain experience: Turn your ideas into real projects, however small. Pay attention to how much you enjoy the process and how energized you feel compared to your day job.

📌 Prioritize passion over initial traction: A single user who loves your product is more valuable than a million signups for something that doesn’t exist yet.

If you find a co-founder you enjoy working with and you’re both passionate about an idea, take the leap. The experience of starting a startup is invaluable, and you might just build the next big thing.

#StartupAdvice

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📎This Main Street Billionaire Bought Over 1,000 Small Businesses — And Never Lost A Dime

In this edition of Venture Stories, we dive into the incredible journey of Justin Ishbia, the billionaire founder of Shore Capital Partners, a private equity firm with a $7-billion portfolio of small businesses across the United States.

➡️ While Justin may not be as well-known as his younger brother Mat, the controlling owner of the Phoenix Suns, he has built a formidable empire by acquiring over 1,000 mom-and-pop shops and rolling them up into 61 larger chains, ranging from veterinary clinics and autism treatment centers to bakeries and exterminators.

➡️ Shore Capital’s success is rooted in its focus on microcap investments and its ability to deliver stellar returns. With an average net IRR of 53% on its 14 exits in the health care sector, Shore has consistently outperformed its peers, multiplying investors’ money by 5.5 times on average. Ishbia’s strategy is simple: Buy small businesses on Main Street, invest in their growth, and avoid the cost-cutting measures often associated with private equity.

➡️ Among Shore’s most successful acquisitions are Southern Veterinary Partners, a chain of over 400 veterinary clinics with $1.3 billion in annual revenue, and BrightView, a network of addiction treatment centers with more than $200 million in annual revenue.

➡️ As Shore Capital celebrates its 15th anniversary, Ishbia remains bullish on the firm's prospects despite the challenging economic environment. “The world corrected on price, and I think businesses are worth 10%–20% less than they were in April 2022,” he says. “But I’m a buyer right now.”

➡️ Ishbia’s entrepreneurial spirit and competitive drive, honed through his upbringing and friendly rivalry with his brother, have been key to his success. As Shore Capital continues to grow and innovate, it serves as an inspiring example of how a focus on small businesses and a commitment to growth can yield extraordinary results.

#vs

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🦄 Crypto, Uzbekistan, and More: March 2024’s Unicorn Surprises

🚀 March 2024 saw a diverse group of 11 new entrants to The Crunchbase Unicorn Board, with cryptocurrency and Web3 startups leading the pack. Berachain, Io.net, and Polyhedra Network all achieved billion-dollar valuations, cementing the sector’s dominance.

➡️ Uzum, an e-commerce and payments platform, became the first unicorn from Uzbekistan, while IntraBio relocated to the U.S. alongside its latest funding round. Other notable additions include Liquid Death, Together AI, and Deputy.

➡️ With valuations ranging from $1 billion to $2.8 billion, these new unicorns demonstrate the continued growth and diversification of the startup ecosystem.

💬 Source

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💡 11 Qualities Every Startup Founder Should Possess (Part 1)

As a venture capitalist and founder who has built multiple startups, I’ve had the opportunity to work with and observe many entrepreneurs. Through my experiences, I’ve identified 11 key qualities that set successful founders apart:

1. Unwavering passion 🔥
The most successful founders are those who are truly passionate about their ideas and are willing to pour their heart and soul into bringing them to life.

2. Resilience in the face of adversity 💪
Building a startup is never easy. Founders must be able to bounce back from setbacks and keep pushing forward, even when the odds seem stacked against them.

3. Adaptability and flexibility 🌿
The startup world is constantly changing, and successful founders are those who can quickly adapt to new circumstances and pivot when necessary.

4. Strong leadership skills 👑
As a founder, you’ll be responsible for leading and inspiring your team. Having strong leadership skills is essential for keeping everyone motivated and working toward a common goal.

5. Excellent communication abilities 📣
From pitching to investors to communicating with your team and customers, being an effective communicator is crucial for startup success.

Leave a thumbs up if you like this format of posts, and if not, a thumbs down and write in the comments what you’d like to see more of on this channel. Stay tuned for part two!

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🚀 The US Startup Scene Continues to Soar, With a Staggering Eight $100M+ Rounds Closed This Week Alone

According to Crunchbase, some of the biggest deals in the last week include:

🔗 Cyera securing $300 million for its data security platform, nearly tripling its valuation to $1.4 billion
🔗 Monad Labs raising $225 million to develop its high-speed, Ethereum-compatible blockchain
🔗 Torl BioTherapeutics landing another $158 million to advance its cancer-fighting antibody therapeutics
🔗 Guesty, a property management software for short-term rentals, booking $130 million to fuel its U.S. expansion
🔗 Platform Science driving off with $125 million to optimize enterprise commercial fleets

Other notable rounds include Collaborative Robotics ($100 million), FloQast ($100 million), and Seaport Therapeutics ($100 million).

With investors confidently writing big checks, these well-funded startups are poised to make waves in their respective industries. Keep an eye out for more groundbreaking innovations as they put their fresh capital to work!

#VentureDeals

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